The Renting Process

A step-by-step guide to each stage of renting a property.


Our step-by-step guide to renting property
Step 1 Register Your Interest

The first step is to contact us either by calling us on 02 899 1817 or by registering your interest online or via email. Alternatively you can visit our property center to discuss your requirements with one of our agents.
   
Step 2 The search begins

Once we have a clear understanding of your requirements we will present you with a selection of properties that match your requirements.

In order to secure a property we recommend an early viewing.

   
Step 3 Finances

It is advisable to have your finances, including any mortgage, readily available as early as possible. Having to organize your finances after you have found a property can result in losing out to another person who is ready to go.

   
Step 4 Viewings

We're open at times to suit you, convenient for viewing after work and at weekends; Our office is open from 9am to 7pm.

We have a fleet of chauffeured Cheries and Mercedes that will take you on all your viewings so that you don't have to arrange your own transportation.

   
Step 5 Making an Offer

Once you've found a suitable property we'll put forward your offer to the seller both verbally and via a letter of intent. Any offer is subject to contracts being signed.

There are no legal obligations on either side until contracts are signed.

   
Step 6 Legal

Your may choose to appoint an attorney to handle the legal paperwork involved.

We have a selection of tried and tested attorneys that are experts in property transactions who we would be happy to recommend.

Alternatively our licensed agents will handle all your legal paperworks.

   
Step 7 Sale Agreed

Once your offer is accepted, we will proceed to get the necessary paperwork drafted as soon as possible

At this stage it is a good idea to discuss exchange and completion dates.

   
Step 8 Verification and Appraisal

A draft contract is drawn up by the seller's attorney and sent to us. We will present it to you and your attorney should you have one.

You or your attorney may want to request searches on property.

An appraisal of the property may be also be booked by yourself of by the bank if you have raised a mortgage.

   
Step 9 Contract Approval and Mortgage Offer

Contract Approval
Once Results of the search and answers to the preliminary enquiries are received, the draft contract is approved by you or your attorney, providing there are no further queries.

Final Mortgage Offer
This document will be sent to you or your attorney for you to sign. Once signed and returned, your mortgage is in place and you are ready to exchange contracts.

   
Step 10 Exchange of Contracts

The contract needs to be signed by you and the seller.
a) Earnest money must be set
b) Ready with the equity ranging from 30-40% depends on the bank.

Note: Different banks have their own valuation, interest rates and terms of payment.

The completion date is then set

   
Step 11 Completion

This is generally set a few days to a few weeks after exchange of contracts, depending on each party's personal requirements.

Residual monies are now released by your bank upon transfer the title to your name

Congratulations, you are now the legal owner of your new home!

   
Call 02 889 1817 for further information about marketing your home with Umbrella Real Estate.

 

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